CCollegeMatcher

Economists

US occupation · SOC 19-3011

Job titles people report: Economic Advisor, Economic Analyst, Economic Consultant, Economic Development Specialist, Economist, Forensic Economist, Project Economist, Research Economist, Revenue Research Analyst, Tax Economist

Pay and outlook

Median annual wage, May 2025
$124,720
Half earn more, half earn less
Middle half earn
$89,330 – $174,720
25th to 75th percentile
People employed, May 2025
17,790
Wage and salary jobs (OEWS)
Projected change, 2025–35
+4.7%
At or above the all-jobs rate (3.5% to under 7%)
Openings a year (projected)
1,100
New jobs plus replacing people who leave
Typical education to enter
Master's degree
BLS
  • All figures are for the United States as a whole. Pay varies a lot by state and city.
  • Wages are for everyone working in the occupation in May 2025, at every career stage. They are not starting salaries or figures for new graduates.
  • Growth and openings are BLS projections for 2025–35. They are estimates, not promises. Openings include jobs that open up when people retire or change occupation, not just new jobs.

What the work involves

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Main tasks

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Explain economic impact of policies to the public.
  • Review documents written by others.
  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Supervise research projects and students' study projects.

More specific O*NET® occupations under this one: Environmental Economists.

Description and tasks from the O*NET® 31.0 Database.

Getting in

Typical education to enter (BLS)
Master's degree
O*NET Job Zone 5
Extensive preparation
Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Interests it suits

The strongest of the six O*NET interest types for this occupation, highest first. The short glosses are ours.

  • Investigative: research, analysis and solving problems with ideas
  • Conventional: organising information, records and procedures
  • Enterprising: leading, persuading and making business decisions

Fields of study that lead here

From the federal CIP–SOC crosswalk, which links 16 programmes to this occupation. A link means the programme prepares people for this kind of work. It doesn't mean the programme is required, or that it's the only route.

Business

  • Business/Managerial Economics

Find colleges that fit you with our matcher: choose Business at the Major step.

Where many students take business

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Health & Nursing

  • Pharmacoeconomics/Pharmaceutical Economics

Find colleges that fit you with our matcher: choose Health & Nursing at the Major step.

Where many students take health & nursing

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Social Sciences

  • Economics, General
  • Applied Economics
  • Econometrics and Quantitative Economics
  • Development Economics and International Development
  • International Economics
  • Economics, Other
  • Political Economy

Find colleges that fit you with our matcher: choose Social Sciences at the Major step.

Where many students take social sciences

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Mathematics & Statistics

  • Financial Mathematics

Find colleges that fit you with our matcher: choose Mathematics & Statistics at the Major step.

Where many students take mathematics & statistics

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Environmental Studies

  • Environmental/Natural Resource Economics

Find colleges that fit you with our matcher: choose Environmental Studies at the Major step.

Where many students take environmental studies

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Agriculture

  • Agricultural Economics

Find colleges that fit you with our matcher: choose Agriculture at the Major step.

Where many students take agriculture

Ordered by the field's share of degrees awarded times undergraduate enrolment (College Scorecard), among colleges with at least 1,000 undergraduates. Online universities are included. It's a rough measure of how big the programme is. It says nothing about quality. The share counts every programme in the field, not only the ones linked to this career.

Other fields

Our college matcher doesn't offer this field as a major, so we can't suggest colleges for it here.

Multi/Interdisciplinary Studies

  • Economics and Computer Science
  • Economics and Foreign Language/Literature
  • Mathematical Economics
  • Philosophy, Politics, and Economics

Related careers

Related occupations from the O*NET database, in its order.

← All careers

Sources

This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. CollegeMatcher has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET 31.0 Database · CC BY 4.0

Changes: we show the core tasks in the O*NET database with the highest importance ratings (up to eight, in that order), the top three O*NET interest types by score, and shortened Job Zone names. Titles, descriptions and task text are unchanged.

Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025. Projections, typical entry education and training: U.S. Bureau of Labor Statistics, Employment Projections 2025–35. Fields of study: NCES and BLS CIP 2020–SOC 2018 Crosswalk. All public domain. OEWS · Employment Projections · CIP–SOC crosswalk